Fit for purpose financial services reform

The Ministry of Business, Innovation and Employment (MBIE) seeks written submissions on the issues raised in these documents by 5pm on 19 June 2024.

Your submission may respond to any or all of these issues. Where possible, please include evidence to support your views, for example references to independent research, facts and figures, or relevant examples. 

Please use the submission template provided above. This will help us to collate submissions and ensure that your views are fully considered. Please also include your name and (if applicable) the name of your organisation in your submission. 

Please include your contact details in the cover letter or e-mail accompanying your submission. 

You can make your submission: 

• By sending your submission as a Microsoft Word document to
  • Consumer credit review: consumer@mbie.govt.nz
  • Financial services conduct regulation financialmarkets@mbie.govt.nz
  • Effective financial dispute resolution financialmarkets@mbie.govt.nz
• By mailing your submission to: 
  Financial Markets policy 
  Building, Resources and Markets 
  Ministry of Business, Innovation & Employment 
  PO Box 1473 
  Wellington 6140 
  New Zealand 

Please direct any questions that you have in relation to the submissions process to financialmarkets@mbie.govt.nz.

Use of information 

The information provided in submissions will be used to inform MBIE’s policy development process and will inform advice to Ministers on potential reforms to financial markets conduct requirements. We may contact submitters directly if we require clarification of any matters in submissions.  

Release of information

MBIE will publish the submissions on our website at www.mbie.govt.nz. 

Submissions may be subject to release under the New Zealand Official Information Act 1982 and requests under the Privacy Act 2020.

Official Information

Submissions may be requested under the Official Information Act 1982. If you have any objection to the release of any information in your submission, please set it out clearly in your submission. 

Please clearly indicate which parts you consider should be withheld, together with the reasons for withholding the information and the grounds under the Official Information Act 1982 you believe apply. We will take such objections into account and will endeavour to consult with submitters when responding to requests under the Official Information Act 1982.

Private information

The Privacy Act 2020 governs how we manage personal information (e.g. collection, use, holding, disclosure, etc). Any personal information you supply to us in the process of making a submission for this consultation will only be used for the purpose of assisting in the development of policy advice in relation to this review, to attribute submissions or for contacting you about your submission.  We may also use personal information you supply in the course of making a submission for other reasons permitted under the Privacy Act 2020 (e.g. with your consent, for a directly related purpose, or where the law permits or requires it).

Please clearly indicate in the cover letter or email accompanying your submission if you do not wish for your name, or any other personal information, to be disclosed in any summary of submissions or external disclosures.  You have rights of access to and correction of your personal information as explained on the MBIE website at www.mbie.govt.nz. If you included the personal information of another individual in your submission, they also have the right to access and/or correct of their own information.

Other information

If there is other information that you would like to submit to MBIE for consideration in this consultation but do not want it publicly disclosed, please do clearly set that out in your submission for MBIE to consider.